112 Railroad St, Gardner, IL 60424-7402
This exceptional investment opportunity presents a six-unit commercial building ideally situated at 112 S Railroad Street in Gardner, Illinois. Constructed in 1996, the property boasts a solid all-brick exterior with vinyl-clad windows, ensuring both durability and aesthetic appeal. The building sits on a crawl space foundation. Heating is provided by a gas system, and several units have recently benefited from upgraded furnaces and air conditioning units, minimizing future maintenance concerns for the new owner. Each unit offers convenient laundry hookups located in a dedicated mudroom area, adding to the overall tenant appeal. The property encompasses a sizable 0.46-acre lot, providing ample space and potential for future expansion or outdoor amenities. Priced at $650,000, this multi-unit building represents a compelling investment prospect in a desirable location. The strong construction, recent upgrades, and convenient features make this property an attractive option for both seasoned investors and those seeking a stable, income-generating asset. The existing tenant base provides immediate cash flow, making this a turnkey investment ready for a new owner to step in and manage. The location in Gardner, IL offers a strong potential for continued growth and rental income. This is a rare opportunity to acquire a well-maintained, income-producing property in a thriving market.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.